What's hot:

What's not:

High 20.99% purchase rate

High 21.74% cash advance rate

Mozo snapshot:

Who doesn’t like getting extra rewards from using their credit card? The Citi Platinum rewards program means you’ll be racking up flights and gift cards that make spending all the more rewarding. There are two options to choose from when you pick up a Citi Platinum card: either 0% p.a. on balances transferred to the card 24 months (1.5% BT fee applies), or the chance to earn up to 200,000 bonus points as long as you spend $1,000 each month for the first 20 months after card approval.

Key features:

If you’re into earning extra rewards like free flights or cashback, then you’re in luck because that’s exactly what’s on offer with the Citi Platinum credit card. For every dollar you spend you’ll get 1 point, capped at 10,000 points per statement period. But, the good news for travellers and online shoppers is you can earn unlimited points on eligible international vendors.

Considering all that rewards value, the annual fee of $149 is fairly competitive, plus for the first year you’ll only have to pay $49. That’s saving you a whole $100, pretty neat. Plus, at the moment, when you spend more than $24,000 in a year, you'll get a 50% discount off the next year's annual fee.

You’ll also be able to have an additional 4 cardholders on the card, meaning you can divide the account between your partner or family. But before you go handing out extra cards to your brother and his dog be aware that each extra card costs $90.

Having your purchases instantly incur interest can be a tad confronting, so the up to 55 interest free days gives you that little breathing room. But if you do miss a payment you’ll be only be hit with a $10 late payment if this mild slip up does happen you won’t be slapping your forward head too hard.

There are two options to choose from with this card:

The Citi Platinum Balance Transfer Offer gives you 24 months of 0% p.a. interest to pay off existing debts before rising to a revert rate of 21.74%. Just keep in mind there is a 1.50% BT fee to consider.

If you choose the Citi Platinum Bonus Points Offer, you can earn up to 200,000 bonus points on the Citi Platinum card. How? Just spend $1,000 each month for 20 months after card approval. Not too shabby! This card also comes with a 0% balance transfer offer for 12 months, and no BT fee. After that, the interest on any leftover balances reverts to the cash advance rate of 21.74%.

Who it's good for:

The two offers attached to this card mean that it's a great pick for big spenders who are chasing a good rewards return with the Bonus Points Offer, or for those clearing existing debt, thanks to the lengthy Balance Transfer Offer option - just watch out for the revert rate and BT fee.

Any catches?

The annual fee will jump from $49 to $149, after the first year so if you’ve been sold on the lower number, know it’s going up.

While additional cardholders are a great way to rack up extra points, it’ll cost you $90 per extra card.

Rewards program details

Rates and fees information correct as at 19 December 2018. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

Rewards scheme

You can redeem flights via Velocity, Singapore Krisflyer, Asia Miles or Emirates Skywards.

Points uncapped for eligible international purchases.

Instant discounts via Citi World Privileges

Special offers

Earn 10,000 bonus points each month $1,000 or more is spent on eligible transactions for the first 20 months.

Value of rewards points

Earn $100 cash back reward

Spend $40,000 (Visa)

Earn $100 gift card reward

Spend $18,900 (Visa)

Earn domestic flight: Sydney-Melbourne one-way reward

Spend $19,500 (Visa)

Earn international flight: Sydney-London return reward

Spend $299,000 (Visa)

Are points capped?

at $10,000 monthly

Do points expire?

Never

How do we calculate these points?

How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

calculate how many points you'd get each year,

figure out how many flights or gift cards or cashback credits you could get for those points,

work out what that's actually worth to you,

take off the annual fee you'd pay.

More details:

Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

Shopping rewards are based on $100 gift cards from a major national department store.

We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Features

Payment options

Apple Pay, Samsung Pay

Rewards privileges

Concierge,Travel Insurance,Extended Warranty,Purchase Protection

Rewards program details

Rates and fees information correct as at 19 December 2018. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

Rewards scheme

You can redeem flights via Velocity, Singapore Krisflyer, Asia Miles or Emirates Skywards.

Points uncapped for eligible international purchases.

Instant discounts via Citi World Privileges

Value of rewards points

Earn $100 cash back reward

Spend $40,000 (Visa)

Earn $100 gift card reward

Spend $18,900 (Visa)

Earn domestic flight: Sydney-Melbourne one-way reward

Spend $19,500 (Visa)

Earn international flight: Sydney-London return reward

Spend $299,000 (Visa)

Are points capped?

at $10,000 monthly

Do points expire?

Never

How do we calculate these points?

How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

calculate how many points you'd get each year,

figure out how many flights or gift cards or cashback credits you could get for those points,

work out what that's actually worth to you,

take off the annual fee you'd pay.

More details:

Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

Shopping rewards are based on $100 gift cards from a major national department store.

We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Customer Reviews

How are Citi credit cards rated by the Mozo community?

Overall customer rating

Latest reviews of Citi Platinum

Overall

0/10

They don't listen when something goes wrong

Citi are like most other banks, they charge too much interest on credit but they do remind you if...

Read full review

Citi are like most other banks, they charge too much interest on credit but they do remind you if you are late.....usually. Where they fall down is when you want to leave. I finally paid mine off & left a credit in the account & requested it to be closed, this didn't occur so the account was hit with an annual fee which I didn't realise for months as I never looked at the account, I received no calls to say anything was wrong until much later when there were also late payment fees. The account was now hundreds overdrawn so I told them what happened, requested it all be reversed & the account closed, not to call me but email for anything. The calls started coming thick & fast & I refused to answer but no emails were received. The same thing happened with my NAB credit card but NAB immediately reversed everything, closed the account & apologised but Citi just kept calling. I kept refusing to answer & kept emailing them with the same request to stop calling, reverse everything & email me. Multiple requests later & they are still not responding apart from the phone calls so I'll be making a formal complaint to the Australian Financial Complaints Authority (AFCA).

Price

3/10

Features

3/10

Customer service

6/10

Convenience

6/10

Trust

0/10

Less

Barry | South Australia

reviewed about 1 month ago

Overall

5/10

Average overall

High interest rates and their membership fee is too expensive.

Read full review

High interest rates and their membership fee is too expensive.

Price

3/10

Features

-

Customer service

-

Convenience

-

Trust

-

Less

Ophelia | New South Wales

reviewed almost 2 years ago

Overall

6/10

Good credit card provider

I enjoy the fact that there are no annual fees. Customer service is also pretty good.

Read full review

I enjoy the fact that there are no annual fees. Customer service is also pretty good.

Price

7/10

Features

-

Customer service

-

Convenience

-

Trust

-

Less

Elsie | Victoria

reviewed almost 2 years ago

Overall

8/10

Low fees and great features

I like this bank, they provide excellent service.

Read full review

I like this bank, they provide excellent service.

Price

6/10

Features

8/10

Customer service

10/10

Convenience

8/10

Trust

10/10

Less

Robert | Victoria

reviewed over 2 years ago

Overall

5/10

Disappointing

Just before Christmas I decided to clear the balance on my credit card so that I would not...

Read full review

Just before Christmas I decided to clear the balance on my credit card so that I would not forget, I now find out that I owe two months balance as the payment was just added to my credit balance and was not used to clear my purchases! not only do I have to pay the amount again but I was charged interest!!

Price

2/10

Features

2/10

Customer service

5/10

Convenience

6/10

Trust

3/10

Less

A | New South Wales

reviewed almost 3 years ago

Citi

About Citi

Citi is the consumer banking arm of Citigroup, one of the world's biggest financial institutions. Citi was the first foreign bank to be granted a banking licence to operate in Australia. Citi is now the largest international bank in the country, serving millions of Australians with credit cards, mortgages, deposit accounts, charge cards and more.

Rate & Review

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